In the latest turmoil at the central bank, the nine top leaders of the licensing department quit en masse yesterday,

charging a lack of transparency and autonomy under the new governor who took over one year ago. “Today, the National Bank of Ukraine has deviated far from these standards,” Oleksandr Bevz, former director of the department, wrote yesterday on Facebook. “This threatens to roll back reforms in the banking sector and in regulation of the non-banking sector.” The bank, now run by Kyrylo Shevchenko, said on its website: “The licensing department has 107 employees and continues to operate as usual.”